Ford Motor Co. (F) on Wednesday announced its plan to launch a new commercial electric van by 2026 from its Ohio facility. The company targets to introduce two advanced pickup trucks in 2027, along with plans for future affordable vehicles. The full-size pickups will be built at the Tennessee plant.
Ford intends to utilize hybrid technology for its upcoming three-row SUVs. This plan involves a non-cash charge of approximately $400 million to account for the write-down of specific manufacturing assets related to previously planned all-electric three-row SUVs.
Ford will realign battery sourcing to be more efficient and contribute to lower overall costs in its electric vehicle portfolio.
The company said that this adjustment may also lead to extra costs and cash outflows potentially reaching up to $1.5 billion.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.